[amp_mcq option1=”US $ 100 Billion” option2=”US $ 300 Billion” option3=”US $ 500 Billion” option4=”US $ 1000 Billion” correct=”option4″]<\/p>\n
The correct answer is (d) US $ 1000 Billion.<\/p>\n
India’s external debt is the total amount of money that India owes to foreign lenders. It includes both public and private debt, and is denominated in foreign currencies. As of 2010, India’s external debt was estimated to be around US $ 1000 billion. This was a significant increase from the previous year, when India’s external debt was around US $ 800 billion. The increase in India’s external debt was due to a number of factors, including the country’s growing economy, its increasing trade deficit, and its need to finance its infrastructure projects.<\/p>\n
India’s external debt is a significant burden on the country’s economy. It has to be serviced by making regular interest payments, which can be a drain on the country’s resources. In addition, the high level of external debt makes India vulnerable to changes in the global financial markets. If interest rates rise or the value of the Indian rupee falls, it could make it more difficult for India to repay its debts.<\/p>\n
Despite the risks, India’s external debt is also a source of strength for the country. It allows India to access foreign capital, which it can use to finance its development projects. In addition, the high level of external debt indicates that foreign investors have confidence in the Indian economy.<\/p>\n
Overall, India’s external debt is a mixed blessing. It is a significant burden on the country’s economy, but it also allows India to access foreign capital and finance its development projects. The government will need to carefully manage India’s external debt in order to minimize the risks and maximize the benefits.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
(a) US $ 100 Billion: This was the amount of India’s external debt in 2009.
\n(b) US $ 300 Billion: This was the amount of India’s external debt in 2008.
\n(c) US $ 500 Billion: This was the amount of India’s external debt in 2007.
\n(d) US $ 1000 Billion: This was the amount of India’s external debt in 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”US $ 100 Billion” option2=”US $ 300 Billion” option3=”US $ 500 Billion” option4=”US $ 1000 Billion” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-154","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n